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post #135721 of 136697
Quote:
Originally Posted by hermanpu View Post

Pretty sure Washington can't control markets anymore. After shafting the banks with regulations, the bankers and politicians are not getting along too well.

 

As a politician to be pro banks right now is not going to get you more votes from the people. As fees are increasing and tight credit, the public doesn't like banks either.

 

 



 


I don't know about that? I can just imagine the phone calls going on soon. " Hello Brian, Timmay here, just talked to Ben, are you guys positioned ok right now? Give it to me straight, if we were to ease now Ben wouldn't want egg on his face again, no more surprises or it's "no soup for you"!  Hope you managed to get a lot of those scumbags er I mean 99% ers who were either long or short out of the market over the last couple of months? Anyway gotta go, few more calls to make to Lloyd, J-Mack and the rest of the ol boys. Happy Holidays, and you owe me big time. Let me know when you cash your bonus?".

 

post #135722 of 136697

Yeah, might be time for drawing new trend lines if these get broke....lol.

 

Quote:
Originally Posted by LilCoonazz View Post

It looks like there`s a good chance we will gap down below that support just like Da Majic parachutin Clowns did it on the way up then maybe there drunk and can try it upside down this timelaughing.gif



 

post #135723 of 136697

http://www.marketwatch.com/story/us-stocks-gain-europe-progress-in-focus-2011-12-19?link=MW_latest_news

Quote:
SAN FRANCISCO (MarketWatch) — U.S. stocks closed about 1% lower Monday, deepening losses as separate comments from the head of the European Central Bank and the region’s finance ministers lacked the heft or details deemed necessary to curtail the region’s debt crisis.
 

Losses doubled in the last hour of trading after a statement from European Union finance ministers, who met by telephone, said euro-currency members had agreed on providing additional bailout funding via the International Monetary Fund.

But the added resources -- 150 billion euros, or $196 billion -- fell short of the 200 billion euros proposed at the Dec. 9 EU leaders’ summit. Also it lacked a firm statement of contribution from a heavyweight nation, the United Kingdom.

“Investors wanted a larger amount,” said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co.

 

Bank stocks were hit particularly hard, also weighed by a report in The Wall Street Journal saying the Federal Reserve is expected to embrace a new global framework that requires giant financial institutions to hold extra capital, a defeat for giant U.S. banks.

 

 

post #135724 of 136697
Quote:
Originally Posted by exodus View Post

This is on top of the 3% down last week.

It also should be noted that when the 1200 support was tested in November it didn't hold.

 



yea lol...the majority lives in denial
post #135725 of 136697
Quote:
Originally Posted by daande View Post

All you bears are acting like the world is falling apart we are down 1% calm down.....This isn't even a 3% down day lol.

you say bears ....i say realists wink.gif
but thanfully we have both sides or we wouldnt have a market lol
post #135726 of 136697
Quote:
Originally Posted by bidie View Post

Yes i think BAC is a bear trap- Amurica doesn't want their flagship bank to look bad going into Xmas-.......

too late much too late
post #135727 of 136697
Quote:
Originally Posted by kevin1612 View Post


you say bears ....i say realists wink.gif
but thanfully we have both sides or we wouldnt have a market lol


You have to admit we've experienced some serious volatility in the past six months when you read a remark like "this isn't even a 3% down day"

post #135728 of 136697
AT&T to pull bid for Tmobile and take $4b charge
post #135729 of 136697
Quote:
Originally Posted by jbrand1 View Post



You have to admit we've experienced some serious volatility in the past six months when you read a remark like "this isn't even a 3% down day"

of course its been volitale...bad news/ expectations and real bleak situations along with people believing the constant stream of fluff pr's battling it out
post #135730 of 136697

 

 

Quote:
Also it lacked a firm statement of contribution from a heavyweight nation, the United Kingdom.

 

Why should the UK be contributing to the fund to bail out the eurozone when they are not going to be in it and likely won't be able to get any kind of help from the IMF if they needed it?

 

When I saw the tankage the second time it sure looked like it was news related. Right at 3pm like clockwork.

post #135731 of 136697
Quote:
Originally Posted by Venom08 View Post

I'm going to short metals. Price target at $24 by end of year for silver.

i been saying 25 by years end since feb/mar wink.gif
post #135732 of 136697
Quote:
Originally Posted by hermanpu View Post

Pretty sure Washington can't control markets anymore. After shafting the banks with regulations, the bankers and politicians are not getting along too well.

As a politician to be pro banks right now is not going to get you more votes from the people. As fees are increasing and tight credit, the public doesn't like banks either.





exactly...be better for anyone to let them go down than charge public to save them again...sometimes its best to let companies just get what they deserve...that said im def not hoping for a system or even a BAC collapse or failure...but people gotta start doing their jobs and know they will be accoutable if they dont
post #135733 of 136697

wierd day.. took a nap half way, and never got back up lol

post #135734 of 136697
Quote:
Originally Posted by o7media View Post

Not in either of these, but 2 plays that look interesting here for a hold overnight... 

 

DUK calls. Potential inverse H&S, breaking resistance on high volume. Just made a new 52 week high.

 

AFL puts, breaking support on high volume. Downside support at 40.51 and then the 100 ma.


Posted this last Thursday. I should have played these.

 

DUK has climbed a little, not much. But it has held up really well since the markets dropped.

 

AFL tested that 100 ma today thumbup.gif

 

 

post #135735 of 136697

Hey. Can one of you awesome mods start a poll? I'd like to see a poll regarding whether HSMers think we have a santa rally or not....

post #135736 of 136697
Quote:
Originally Posted by charulz View Post

Hey. Can one of you awesome mods start a poll? I'd like to see a poll regarding whether HSMers think we have a santa rally or not....



not.

post #135737 of 136697

The way things are going we might need a santa rally to get to 1230. I don't think that is what the bulls had in mind.

post #135738 of 136697

 

 

Quote:
The way things are going we might need a santa rally to get to 1230

rotfl.gif

post #135739 of 136697
Quote:
Originally Posted by kevin1612 View Post

Quote:
Originally Posted by Venom08 View Post

I'm going to short metals. Price target at $24 by end of year for silver.

i been saying 25 by years end since feb/mar wink.gif
After SLV hit $48 in late April I put in a price target of $33 by years end. I did the same with NFLX in July after striking $300. But I never expected $64/share, I was saying it would correct down to $160.
post #135740 of 136697
Quote:
Originally Posted by Venom08 View Post

After SLV hit $48 in late April I put in a price target of $33 by years end. I did the same with NFLX in July after striking $300. But I never expected $64/share, I was saying it would correct down to $160.

well correct it did lol...not sure many woulda had it doing so that extremely wink.gif
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